Book for income-tax returns.



R. IVI. POPHAM.

BOOK FOR INCOME TAX RETURNS.

APPLICATION FILED Afm. Io. I9I4.

Patented Nov. 19, 1918.

3 SHEETS-SHEET I.

GnNFaRMmG To PAGE 2 op i040. GQNFORMING To PAGE 3 0F |040- o GRass INCOME "ET GENLRAI. nEDuTmNs. O

UESCRIPTIDN OF INCOME A 1P/15E?. A INCOM 6 camronm IO-Iu Gamnvms wml 4 Lm: I-PAGEZ INCOME usmcoms FORM |040 DESCRIPTION CII/wwwa wm( l A Imaam-12. INCOME. I USJNcoms PoR/M040 WITNESSES INVENTOR @ai BY www We@ ATTORNEYS H. Nl. POPHANI.

BOOK EOR INCOME TAX RETURNS. APPLICATION FILED APR-.1o. I9I4.

1 ,285,367 Patented Nov. 19, 1918.

3 SHEETS-SHEE 2.

Comrurmsw'nu Lmsynarsz, INGOIYI E U.5.INcomE Fa Rm [040 GaMFLvINs wIrN Y LINE-1. PAGEZ. INCOME. 7 UVSJNSQME FORM |040 YING wlrII zP/IGEIZ. NGOME.

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I mm' nimma@ INCME maa/n? Purim IO WITH mme m40 GENERAL nsnuaTIoNs.

WITH spgggmo GENERAL :IErIuGTIUNs4 CIrMPLYING WIKI! PAGEJ. GENERAL. DEUUGTIONS.

GENERAL wIIrIEsSES l INVENTOR ATTORNEYS R. M. POPHAM. 500K PoR INCOME TAx RETURNS.

APPLICATION FILED APR.10.\914

Patented Nov. 19, 1918.

3 SilEETS-SHEE 3,

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INVENTOR WITNESSES ATTORNEYS RICHARD M. :FCPI-IAM, 0F MERION, PENNSYLVANIA.

BooK roR moons-TAX RETURNS.

Speoication of Letters Patent.

Patented Nov. i9, 1918.

Application yfiled April 10, 1914. Serial N o. 830,880.

therefor, whereby a yearly itemized account of individual income and deductions, necessary to make a correct and intelligent return in gross amounts to the United States Government at the end of the year, is provided. f

It further consists of a novel construction and arrangement-l of a book or journal having a desired number of leaves for the purpose of keeping an itemized record of yearly incomeand general deductions, and a novel arrangement of a recapitulation sheet having symbols thereon to indicate the proper columns inlwhich the totals are to be indicated. Y

It further consists of other novel features of construction and arrangement, all as will be hereinafter more clearly set forth.

For the purpose of illustrating my invention, I have vshown herein, yone form thereof, 'by means of which my invention can be accurately carried out in practice, although, as is apparent, the various instrumentalities of which my invention consists can be variously arranged and organized and my inventionis not limited to the precise arrangement and organization of these instrumentalities, as herein set forth. A

Figure 1 represents, in perspective, a ybook embodying myv invention.

Fig. 2 represents a plan view of the key sheet.

Figs. 3 to 11, inclusive, represent plan views .of diferent pages of the book conforming to different lines of the income portion of form 1040. y

Figs. 12 to 17, inclusive, represent plan views of pages of the book, for reception of items conforming to the general deductions of form 1040.

Fig. 18 represents a plan view, on an enlarged scale, of the recapltulation sheet.

Similar numerals of reference indicate. corresponding parts in the figures.

Referring tol the drawings My novel book may have the different sheets thereof bound together, but it is preferably constructed yas illustrated, :in the form of a loose leaf book, so that any desired number of' sheets may be added, as required. p

The arrangement of the United States income tax return form 1040, cfor theuse of individuals in making their annual tax returns, is yby a series of lines and items. Each of these lines or items, on page two of said form, specifically describes the character ,fof the income upon which a return is to be made. The lines from one to 'eight inclusive are opposite to two ruled columns adapted toV have indicated therein the dollars and cents, and marked, respectively, A and B, designating whether the normal tax upon the particular income has had the tax deducted at the source, or otherwise. A separate column is shownv for 'the total of the two columns A and B, in which this total is to be entered.

Line elevenV of page-two of said form 1040, relates specifically to dividends of corporations, who paid the income tax direct upon the net earnings, andl all dividends uponthis class of investments must be entered in the columnopposite'line eleven.

The Government provides for certain general deductions, on page three of this form 1040, and these are embraced in the lines one to six inclusive. Opposite to each line, the particular deductions allowed are to be placed. e

The several amounts are entered in the dollars and cents columns, placed opposite to the lines, and a total ofthe columns isl made and entered in its designated place, line seven.

Page one of United States form 1040 is devoted to the assemblingy of the gross income, as set forth on ypage two of the form, and the total of general deductions, as set forth on page three. The respective lines, and dollars and cents columns show where the respective amountsare to be placed vin order to arrive at the net income. On page one of the Government form are also shown special deductions and exemptions which the Government-allows. Into the dollars and cents columns, designated with their specific line number, I enter the totals of line eleven, page two, relating to dividends, in the total, column A, page two, and lastly the amount 0f Government exemption, three or four thousand dollars, as the case may be. The totals of these items are extended to a Column., @Specially Provided, for ,allowing for the deduction of 4the amount from the net income, in order to arrive at the amount of taxable income, on which the normal taX of 1% is to be calculated.

As the Government form 1040 for individuals is intended solely for receiving the gross amount of the yearly income and general deductions, the detail amounts necessary toshow the yearly gross amounts must be kept in some sort of a book or memorandum form in orderto intelligently arrive at the correct figures on the completion of the year, and they object of my present invention is to provide for the accurate keepingof such. statistics. It is often the case that too much of the detail is left to the memory 'ofthe individual and hence confusion and'v often times errors occur. In order to minimize and reduce the matter to absolute accuracy, a series of sheets or pages, carrymg the correct line and page comply-lngabsolutely with all the provision ofsaid form, is adopted, in accordance with my invention, thus giving ample room by the use of' one or more sheets carryingthe line and page, corresponding toUnited States form 1040, to have entered in detail thereon all transactions of income and general deductions that may occur during the year. All the sheets relatingV to income and general deductions, are,y togetherV withv a recapltulation sheet, bound together in loose leaf or other book form. y

With the above in view, 1 designates a book, or journal, embodyingmy invention, the pages-of which are secured in assembled position, of any desired type. In the front part of the book is placed one or more key sheets, 3, (see Fig. 2),4 whichV conformV to pages two and three of United States form 1040. Fol-y lowing the key is a sheet 4 having indicated thereon, a heading.. showingt that .such sheet complies with line one, page two, of the U. S. income form 104,0.l rThen, in order, come the sheets 5, 6, 7, 8, 9, 10, 11 and 12, having a heading, indicating-the proper line and page of the form to'which they conform. After the sheets, on which the income is toy be entered, follow the sheets 13, 14, 15, 16., 17- and 18, having arv heading thereon, indicatingV the general deductions. and the line and page ofthe income form with which they comply.

Having determined from the key, the character of the income received at any particular period, the same is entered on the by means of fastening devices 2,

sheet carrying the proper line and page of U. S. form 10110, and the amount is` placed in the A or B column, depending upon whether the tax has been withheld at the source, or otherwise. All income received from dividendsand so forth will be placed on sheet 12, Figfll, of the book. This procedure applies likewise to items of general deductions. Each is to be entered on the sheet bearing the proper line and page, as shown in the key. At the close of the year, a total footing is 'to be made of all the pages upon which entries appear. A'Ihis having been accurately determined, the next procedure is to post or enter the4 totals, on the recapitulation sheet under the differentl resenting page one of 1040, the total of ge`n4 eral income to the proper space designated by the star symbol 7k. The next transfer is from the total of general deductions to the proper space designated by the triangle A. Deducting then one amount from the other gives the net income. Under the head of special deductions and exemptions allowed by the Government, I enter the total of dividends and so forth, shown by vthe dividend symbol Q. The total of column A is to be entered on the space shown by the tax withheld symbol E. The gross ex emption of either three or four thousand must be determined by the individual maker of the return. rIhe grand total: of lthese threelitems is to be entered in the appropriate column and deducted from they net income. This will determine the` amount of income liableV for the normal taxl of 1%.

Thek calculation of theV sur tax, if any,

can be, computed and ventered in the proper spaces provided ony the recapitulation sheet. The addition ofthe sur tax `and the normal tax will give the amount due the Government. The regular Government return in accordance with form 1040 can be made up from the. recapitulation and it sets forth all the different matter called for by the form. The recapitulation sheet providesl lcolumns or spaces for indicating the Total additionalor super tax, the Total normal tax, andthe Total tax liability.r v.

For purposes of illustration, I have pref' ferred to show my invention asfapplying to the United States. Goyernment. income tax form 1040,.but, it will,. of course, be ap.-

parent that it is also adapted to be employed in conjunction with the income tax return form 1041, with slight modifications, and it is also adapted to be employed for other returns, all of Which, it Will be understood, is within the spirit and scope of my present invention. It Will also be apparent that changes may be made in the arrangement of the different sheets Without departing from the spirit of the invention.

It will now be apparent that I have devised a novel and useful book for income tax returns, which embodies the features of advantage enumerated as desirable in the statement of the invention and the above de scription, and While I have, in the present instance, shown and described a preferred embodiment thereof Which Will give in practice satisfactory and reliable results, it is to be understood that the same is susceptible ofturns, comprising a series of sheets, each indicative of a line or item and page of the Government income tax return form, a key sheet indicative of the position of the gross items, and a recapitulation sheet indicative of the totals on said series of sheets.

RICHARD M. POPHAM.

Witnesses:

H. S. FAIRBANKS, C. D. MCVAY.

Copies of this patent may be obtained for ve cents each, by addressing the Commissioner of Patents,

Washington, D. C. 

